Month: March 2024

Public Sector Oil Companies Directed to Establish Renewable Energy Plants: PMO Seeks Detailed Plan

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russain oil

The Prime Minister’s Office (PMO) has issued directives to the Ministry of Energy, specifically the Petroleum and Power Divisions, to formulate a concrete plan within one month for the establishment of renewable energy plants by public sector oil companies. This initiative stems from Prime Minister Shehbaz Sharif’s inaugural address to the National Assembly, where he emphasized the importance of transitioning towards renewable energy sources. In correspondence dated March 4, 2024, Syed Shakil Shah, additional secretary-II at the PMO, outlined various action points from the Prime Minister’s speech, now translated into…

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Redefining GoodWe Meetup and Solar Expo 2024 in Pakistan

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Goodwe-1

In a notable display of its rising prominence, GoodWe recently hosted the Redefining GoodWe Meetup 2024, an event that surpassed all expectations. With a turnout of over 250 attendees, the evening unfolded as a vibrant convergence of industry leaders, partners, and enthusiasts. The Meetup featured captivating in-depth speaking topics led by GoodWe’s expert team, from advanced commercial and utility solutions to full-cycle aftersales system integration. Attendees gained valuable insights into the company’s latest innovations, solidifying GoodWe’s position as a thought leader in the smart energy solutions sector. One of the…

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Researchers make breakthrough in solar technology with ‘stretchable’ panels that act like rubber — here’s why it’s significant

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solar-power

Researchers make breakthrough in solar technology with ‘stretchable’ panels that act like rubber — here’s why it’s significant March 10, 2024 “Stretchable solar cells that can function under strain have received considerable attention as an energy source.” An innovative, flexible solar cell being developed in South Korea has passed a crucial stress test.  Researchers from the Korea Advanced Institute of Science & Technology (KAIST) are working on a rubber-like sun-catcher made from organic materials. The idea is for these elastic cells to one day help power the wearable technology that is becoming more prevalent in society, per a…

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Solar-Powered Farming Is Quickly Depleting the World’s Groundwater Supply

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solar-power

Farmers in arid regions are turning to low-cost solar pumps to irrigate their fields. This eliminates using fossil fuels and boosts crop production, but is drying up aquifers around the globe. There is a solar-powered revolution going on in the fields of India. By 2026, more than 3 million farmers will be raising irrigation water from beneath their fields using solar-powered pumps. With effectively free water available in almost unlimited quantities to grow their crops, their lives could be transformed. Until the water runs out. The desert state of Rajasthan…

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Fuel supply on exclusive basis to 3 IPPs: CCP rejects PSO’s exemption extension request

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pso

ISLAMABAD: The Competition Commission of Pakistan (CCP) has rejected an application of Pakistan State Oil (PSO) meant for an extension in exemption on fuel supply on an exclusive basis to three independent power producers (IPPs), well-informed sources told Business Recorder. The CCP, in a letter to the PSO managing director, has cited reference to three applications filed by the PSO with the commission, seeking extension in the “exemption” pursuant to relevant provision of the Competition Act, 2010 on the Fuel Supply Agreements (FSAs) between the PSO and three IPPs; i.e., Pakgen…

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